Outraged at the continued closure of Westpac, ANZ and BNZ branches in provincial towns, a New Zealand government minister says the Australian-owned banks should be obligated to adequately service rural areas. read more

One of the nation’s leading retiree advocates yesterday called on the banking industry and the Federal Government to address the dwindling supply of reverse mortgages in the Australian market. read more

While the painful rollout of real time payments capability at Australia’s major banks continues at a snail’s pace, National Australia Bank last night confirmed it is likely to be the first of the industry’s big players to offer full PayID services across its digital channels. read more

In the midst of the Hayne royal commission into banking misconduct, NAB has lost its chief operating officer, Antony Cahill. Despite being seen as a potential successor to CEO Andrew Thorburn, Cahill is to finish up at the bank on September 14. read more

‘Why have a royal commission at all?’, Ken Hayne will shortly ask in his interim report. Hayne is bound to be as scathing about ASIC and APRA as he will be about the finance sector’s miscreants, NAB prominent. read more

The royal commission’s impatience with NAB is palpable, suggesting it may not just be Andrew Hagger - named and shamed on Friday - but his CEO, Andrew Thorburn and the chair of the board, Ken Henry, whose swift exits from the bank look a real prospect.There was, it is said, “a disregard on the part of NAB for members of relevant superannuation funds, for regulators and for the law.” read more